CSOs vs CSR
How a new breed of executive is revolutionizing value creation through ESG
In a shrinking number of boardrooms in Corporate America there remains a myth that Environmental, Social and Governance (ESG) issues are a distraction to ‘core business’ and that addressing them is a trade-off against more value-creating activities. By contrast, value-focused companies have looked at the evidence and established that stronger performance in material aspects of ESG correlates with stronger shareholder returns. There is a new breed of executive, the Chief Sustainability Officer (CSO) who has come on board in the last decade to drive this forward. In this report, we discuss the rise of the CSO and delve into the most important issues around putting ESG into practice.